This is an incredible chance for those looking for an astute investment opportunity or an ideal future development site. Positioned on approximately 2588sqm across three separate titles. Currently tenanted and utilised as a school on a 3 + 1 + 1 year lease returning $52,121.76 per annum paid monthly. Council approved development plans and designs are in place for 10 two storey townhouses. (Approvals available upon request) This substantial land holding offers multiple options for future financial returns and it represents great value with a healthy holding income and would suit either developers, builders or investors. Call Troy Tyndall on 0401 661 997 for further information about this exciting opportunity. Council- Onkaparinga Zoned- R-residential Land Size- 2588m2 approx. ** All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice. RLA 61345 RLA 282965 RLA 231015 Disclaimer: **HELP PREVENT the spread of COVID-19. LJ Hooker AdelaideCity/StPeters/Glynde have implemented extra precautions to our inspections and auctions. We respectfully ask if you are feeling unwell, have travelled overseas in the past 14 days or been in contact with a confirmed case of COVID-19 in the last 14 days, please contact our sales consultant to discuss alternative ways to view the property. If in the event that you feel unwell in the 14 days following an inspection, we request that you contact our office immediately.**